Bachelor of Management Studies (B.M.S.) SEM V 2023 2024 Dec 2024 S ELECTIVE FINANCE WEALTH MANAGEMENT Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 SIP stands for
2. Q2 Normal yield curve is
   • (b) Humped curve
   • (d) A line that plots interest rates
3. Q3 TDS means
   • (a) Tax deducted at source
   • (b) Tax deducted at start
   • (c) Tax deducted at sum
   • (d) Tax deducted at system
4. Q4 Credit risk applies to debt investments such as
   • (a) Shares
   • (b) Bonds
   • (c) Mutual Funds
   • (d) Gold
5. Q5 Deduction u/s 80 D for senior citizens is Rs
6. Q6 Deduction for self disability can be claimed under
   • (a) Sec 80C
   • (b) Sec 80D
   • (c) Sec 80E
   • (d) Sec 80U
7. Q7 Will is invalid in the eyes of law
   • (a) Mutual
   • (b) Sham
   • (c) Duplicate
   • (d) Concurrent
8. Q8 has direct impact on wealth creation
   • (a) Economic outlook
   • (b) Income rate
   • (c) Interest rate
   • (d) Erratic cashflows
9. Q9 is one of the most preferred tax planning instrument in India as it’s a
   • (a) Balance Sheet
   • (b) Net Worth
   • (d) Investment
   • (b) State whether the following statements are true or false: (any 7) 7
10. Q1 TDS is based on the principle of pay as you earn
11. Q2 Hostility is a code of ethic
12. Q3 Hindu undivided family is not defined in Income Tax Act
13. Q4 Life insurers are not health insurers
14. Q5 Longetivity risk is the risk of outliving your savings
15. Q6 Travel insurance is a type of general insurance
16. Q7 Issue of new shares for cash results in Cash inflow
17. Q8 Retirement planning takes into account all emergencies
18. Q9 House property loss can be set off against salary income
19. Q10 Unemployment is one of the most popular lagging indicator
20. Q2 Attempt A,B or C,D
    • (a) What is the scope of Wealth Management? 8
    • (b) What are the leading economic indicators of the economy ? 7
    • (c) is an individual submits the flowing information relevant for AY 2022-23 Find out the net taxable income of Mr.Guru for AY 2022-23 applying the provisions of set off and carry forward of losses Income from Salary computed 80,000 Income from House Property Income from Business Income from Long Term Capital Gains 30,000 Income from Other sources Interest on debentures 1,000 You are also informed that: He spent Rs.1,500 as collection towards interest on debentures allowed to be deducted He has the following carry forward losses: 15
21. Q3 Attempt A,B or C,D
    • (a) What are the principles of Insurance? 8
    • (b) What is Passive Asset Management ?What are the advantages and disadvantages? 7
    • (c) Ms.Kaahini purchased a house property for Rs.5,00,000 on 27" September made the following additions to it Cost of construction of first floor in Financial Year 2002-03 is Rs.4,00,000 Cost of construction of second floor in Financial Year 2003-04 is Rs.6,00,000 Fair market value of property on April 1,2001 was Rs.7,00,000 She sold the property on 25% September ,2022 for 1,00,00,000.She paid a brokerage of Rs.1,30,000 for the sale transaction The CII for financial year 2022-23 is 331, 2002-03 is 105, 2001-02 is 100 & 2003-04 Compute the Capital gain of Ms.Kaahini for the Assessment Year 2022-23 8
    • (d) Following is the Balance Sheet of Shrihan Ltd. Find out Debt Ratio, Debt Equity Ratio, Current Ratio and Liquid Ratio 7
22. Q4 Attempt A,B or C,D
    • (a) What is Ratio Analysis and what are its important advantages? 8
    • (b) What is Passive Asset Management ?What are the advantages and disadvantages? 7
    • (c) Following are the details of Mr.Himalay for Assessment Year 2022-23. 8
    • b) Income from house property Rs.25,000 pm
    • c) Interest on savings a/c Rs.14,000
    • d) Interest on Fixed Deposit a/c Rs.42,000
    • g) Mediclaim premium for himself and spouse Rs.30,000
    • h) Mediclaim premium of senior citizen parents Rs.35,000 Compute the net taxable income of Mr.Himalay after allowing deductions under
    • (d) Assuming the total tax liability of Sumit Ltd. is Rs.3,00,000 for PY 2021-22 . Calculate the advance tax due and instalments 7
23. Q5 Attempt A,B or short notes
    • (a) What is Retirement Planning and what is its need and purpose? 8
    • (b) What is a Will? What are the types of wills? Short Notes on (any three) (15) 7
24. Q1 Yield Curve
25. Q2 Principle of Utmost good faith
26. Q3 Health Insurance

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